If people posing as a vacationers were able to purchase large numbers of airline tickets from the airlines and later resell them to business travelers
A) group price discrimination on the part of airlines would no longer be profitable.
B) group price discrimination on the part of airlines would no longer be profit maximizing.
C) the airlines would respond by raising further the price charged to business flyers.
D) the people reselling would not earn any economic profit.
B
Economics
You might also like to view...
According to the monetarists, what is the main cause of macroeconomic instability?
What will be an ideal response?
Economics
If the government's goal is to alter people's behavior through taxation, taxing goods with relatively elastic demand and supply would be most effective.
Answer the following statement true (T) or false (F)
Economics